
The EU directives on public procurement are applicable to public contracts with values equal or greater than certain levels, called thresholds (expressed in Euros). Every two years, those thresholds need to be revised in accordance with the terms of the World Trade Organization Agreement on Government Procurement (GPA). The purpose of these adjustments is to correct any currency movements between the Euro and the Special Drawing Rights (SDRs).
On 16/11/2023, the new thresholds for the years 2024-2025 were published in the Official Journal. The new thresholds should apply as of 1 January 2024. You can find more information on the current thresholds here.
Link to the Official Journal, where the new thresholds for the years 2024-2025 are published:
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- European commission
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